2023 Q3 Form 10-Q Financial Statement

#000095017023039835 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $50.38M $53.34M
YoY Change 1.29% -6.05%
Cost Of Revenue $30.88M $33.31M
YoY Change -8.69% -12.85%
Gross Profit $19.50M $20.02M
YoY Change 22.47% 7.95%
Gross Profit Margin 38.71% 37.54%
Selling, General & Admin $15.85M $14.77M
YoY Change 5.84% 1.37%
% of Gross Profit 81.25% 73.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.281M $1.214M
YoY Change 4.91% 14.85%
% of Gross Profit 6.57% 6.06%
Operating Expenses $15.85M $14.77M
YoY Change 5.84% 1.37%
Operating Profit $3.657M $5.250M
YoY Change 283.74% 32.04%
Interest Expense -$784.0K -$832.0K
YoY Change 9.8% 96.69%
% of Operating Profit -21.44% -15.85%
Other Income/Expense, Net -$55.00K $23.00K
YoY Change -73.68% -115.54%
Pretax Income $2.818M $4.441M
YoY Change 9293.33% 30.43%
Income Tax $666.0K $998.0K
% Of Pretax Income 23.63% 22.47%
Net Earnings $2.152M $3.443M
YoY Change 3262.5% 25.75%
Net Earnings / Revenue 4.27% 6.46%
Basic Earnings Per Share $0.60 $0.97
Diluted Earnings Per Share $0.58 $0.96
COMMON SHARES
Basic Shares Outstanding 3.568M 3.546M
Diluted Shares Outstanding 3.721M 3.591M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.567M $3.401M
YoY Change 31.98% 93.24%
Cash & Equivalents $5.567M $3.401M
Short-Term Investments
Other Short-Term Assets $4.529M $4.330M
YoY Change 13.51% 18.21%
Inventory $54.58M $55.94M
Prepaid Expenses
Receivables $33.86M $39.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $98.53M $103.5M
YoY Change -14.0% -11.89%
LONG-TERM ASSETS
Property, Plant & Equipment $27.71M $29.66M
YoY Change -4.23% 12.86%
Goodwill $8.189M $8.189M
YoY Change 0.0% 0.0%
Intangibles $19.55M $19.78M
YoY Change -8.22% -8.53%
Long-Term Investments
YoY Change
Other Assets $0.00 $750.0K
YoY Change -100.0% -50.0%
Total Long-Term Assets $57.74M $58.38M
YoY Change -3.63% -3.32%
TOTAL ASSETS
Total Short-Term Assets $98.53M $103.5M
Total Long-Term Assets $57.74M $58.38M
Total Assets $156.3M $161.8M
YoY Change -10.44% -8.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.976M $10.72M
YoY Change -15.25% -49.94%
Accrued Expenses $15.04M $14.21M
YoY Change 22.71% 40.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $415.0K $411.0K
YoY Change 6.68% 5.66%
Total Short-Term Liabilities $25.43M $25.34M
YoY Change 4.15% -23.25%
LONG-TERM LIABILITIES
Long-Term Debt $32.93M $50.46M
YoY Change -51.52% 0.4%
Other Long-Term Liabilities $23.00K $2.390M
YoY Change -99.27% 27.88%
Total Long-Term Liabilities $32.96M $52.85M
YoY Change -53.64% 1.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.43M $25.34M
Total Long-Term Liabilities $32.96M $52.85M
Total Liabilities $70.36M $78.20M
YoY Change -26.32% -20.2%
SHAREHOLDERS EQUITY
Retained Earnings $76.06M $74.41M
YoY Change 5.54% 2.64%
Common Stock $12.82M $12.77M
YoY Change 0.99% 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.00M $16.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $85.91M $83.65M
YoY Change
Total Liabilities & Shareholders Equity $156.3M $161.8M
YoY Change -10.44% -8.98%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $2.152M $3.443M
YoY Change 3262.5% 25.75%
Depreciation, Depletion And Amortization $1.281M $1.214M
YoY Change 4.91% 14.85%
Cash From Operating Activities $11.12M $2.867M
YoY Change -556.49% 830.84%
INVESTING ACTIVITIES
Capital Expenditures $1.502M $1.570M
YoY Change -279.24% -170.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$750.0K
YoY Change -92.19%
Cash From Investing Activities -$1.502M -$2.320M
YoY Change 79.24% -80.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.389M -695.0K
YoY Change -220.44% -107.26%
NET CHANGE
Cash From Operating Activities 11.12M 2.867M
Cash From Investing Activities -1.502M -2.320M
Cash From Financing Activities -7.389M -695.0K
Net Change In Cash 2.229M -148.0K
YoY Change -22.09% -92.5%
FREE CASH FLOW
Cash From Operating Activities $11.12M $2.867M
Capital Expenditures $1.502M $1.570M
Free Cash Flow $9.618M $1.297M
YoY Change -701.88% -49.16%

Facts In Submission

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